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Could this be an easy way to win in forex?

  • #101
  • Jul 19, 2013 2:22pm Jul 19, 2013 2:22pm
Quoting FX Compass
Ishtana, It's embarassing that you are a fellow Australian. It is crystal clear your knowledge of Forex is very limited and any real trader would clearly identify your comments as rubbish. Many newbies read these threads in an effort to learn how to trade, threads like yours just mean they have to wade through more sh*t before they can finally develop their own trading style. You should read more, post less and stop waisting everyones valuable time with this rubbish ..... the choice is yours.


Another one who had a bad week...

Ishanta asks the right questions, knowledge is irrelevant, action is intention... maybe you could ask your own instead of relying on other people's threads to build your knowledge. Or I don't know... Read a book?

... As a fellow Australian.
Time hides Nothing
  • #102
  • Jul 19, 2013 2:30pm Jul 19, 2013 2:30pm
Not too bad Cindy, 41% account growth this month.
FF has been a wealth of knowledge to me on my journey of many years.
"Knowledge is irrelevant" ..... Strange comment. Totally disagree.
Enough said.
  • #103
  • Jul 19, 2013 3:00pm Jul 19, 2013 3:00pm
Quoting FX Compass
Not too bad Cindy, 41% account growth this month. FF has been a wealth of knowledge to me on my journey of many years. "Knowledge is irrelevant" ..... Strange comment. Totally disagree. Enough said.
I'm just going in to bat for Ishanta here, if you look at some of his/her other threads they show a deep thinker and keen trading interest, I respect that.

I don't know what's happened in this thread, I don't really care, would just be a shame to silence from what I see as one of the more positive contributors to the forum. Anyway

I've over dosed on the reply button tonight, said my bit.
Time hides Nothing
  • #104
  • Jul 19, 2013 3:04pm Jul 19, 2013 3:04pm
Fair comment. It started off well.
  • #105
  • Jul 19, 2013 3:46pm Jul 19, 2013 3:46pm
Quoting Ishtana
{quote} How can you be a +10 vouch retard?
Usually the case but as is said "there are exceptions to every rule" (does that make me exceptional ?) idk


Quoting Ishtana
{quote} People contribute to this forum in different ways. Some provide entertainment with troll and nasty comments. Some misled people and scam them. Some are only here to take things and never contribute. Some genuinely share their trading wisdom, and to those people I thank them deeply. Indeed, I'm contributing to this forum as a form of gratitude to FF for changing my life forever. Not so much the content, but ..... And I'd like to think that I contribute in my own way. That is by encouraging people to be an independent, free thinker, just...

So people, if you actually read some of the replies and not fixate on one thought or idea (as in keeping an open mind)
you might find an intelligent, thoughtful person. Pupils sometimes become teachers.

Quoting Ishtana
{quote}But keep the troll comments coming. It's quite entertaining.

However, I dislike the idea of calling someone a troll because they (simply) post a comment that is not to your liking or that disagrees with your version of "events". You have an obvious ability to reply.......... (you'll just have to think about that).

Keep an open mind.....
all the very best

S0B
When the Joker is in the deck.. fear not and play it well
  • #106
  • Jul 19, 2013 4:01pm Jul 19, 2013 4:01pm
The Problem is the yield....
If you shoot for
1/1
1/2
Profit to stop ratio it won´t work...on any system..

Cause like some people rightly stated, the game is tilted to the Brokers, Banks, Hedge Fonds and their robots.
They own the shop and win...they own the Casino.They have the tools, the cash, the Insider Information, and also they cheat...(spread changes, News, "slippage", stop hunting, you name it.)

The Chance is on shooting, on every trade , to hit big winners, I mean R10 and better (meaning winning 10 times your Initial stop)..
Example:
100 trades
stopped 70 times, with hopefully less than original stop cause you trailed according to your rules. Loose maybe 5o R on those...
Win 30 times, ands at least some need to be fat winners...
Improve to 35 winners, and your edge starts to materialize...
And yes entry System is not so important, MM, meaning Position size to stop (always the same risk)
I add to winners, relentlessly, never scale out....you need big homeruns...
Hope this helps...
Turning the tables won´t work, cause the Robot will turn his table accordingly , everytime, don´t ask me how it works...it´s almost black Magic, but they are effective, and getting better by the day....I think their only problem is to stay undercover...not toshow us how they tilt the table grosely...
Good luck though
  • #107
  • Jul 19, 2013 6:24pm Jul 19, 2013 6:24pm
Quoting CindyXXXX
{quote} I'm just going in to bat for Ishanta here, if you look at some of his/her other threads they show a deep thinker and keen trading interest, I respect that.
It's odd (funny, hilarious) how C4X says one thing and then says/does something else. Who could possibly join
in his/her think tank when he/she hasn't learned how to do that......

Might not be such a bad dude/dudette if he/she would lighten up
and not be so defensive ?????

I'm always that way 'cuz I had to wade my way through (the shit) of being called
a troll by CFX and the like.


...... but it's been FUN !!!!~
I remain S0B
setting the standard for "trollism" (is that a real word)

no matter
When the Joker is in the deck.. fear not and play it well
  • #108
  • Jul 19, 2013 6:34pm Jul 19, 2013 6:34pm
Quoting Slim Buffett
{quote} It's odd (funny, hilarious) how C4X says one thing and then says/does something else. Who could possibly join in his/her think tank when he/she hasn't learned how to do that...... Might not be such a bad dude/dudette if he/she would lighten up and not be so defensive ????? I'm always that way 'cuz I had to wade my way through (the shit) of being called a troll by CFX and the like. ...... but it's been FUN !!!!~ I remain S0B setting the standard for "trollism" (is that a real word) no matter
Sorry slim I seem to have upset you in some way... This was never my intention.

perhaps you are correct...
Time hides Nothing
  • #109
  • Jul 19, 2013 6:46pm Jul 19, 2013 6:46pm
Quoting CindyXXXX
{quote} Sorry slim I seem to have upset you in some way... This was never my intention. perhaps you are correct...
So when you're back is against the wall.............

you do wut????
When the Joker is in the deck.. fear not and play it well
  • #110
  • Jul 19, 2013 6:49pm Jul 19, 2013 6:49pm
Quoting CindyXXXX
{quote} Sorry slim I seem to have upset you in some way... This was never my intention. perhaps you are correct...

And... as you have a "keen interest" in psychology, it shouldn't be that difficult
for you to understand where I'm "coming from"

Right ??
When the Joker is in the deck.. fear not and play it well
  • #111
  • Jul 19, 2013 6:54pm Jul 19, 2013 6:54pm
Quoting Slim Buffett
{quote} And... as you have a "keen interest" in psychology, it shouldn't be that difficult for you to understand where I'm "coming from" Right ??
Tshhh there's no value in this conversation for me. So that's about that... Be good
Time hides Nothing
  • #112
  • Jul 19, 2013 7:08pm Jul 19, 2013 7:08pm
Quoting CindyXXXX
{quote} Tshhh there's no value in this conversation for me. So that's about that... Be good

I.m hoping that this is "goodbye" because I'm wasting
way more time than I intended

S'up to you

don't you think
?
When the Joker is in the deck.. fear not and play it well
  • #113
  • Jul 19, 2013 7:32pm Jul 19, 2013 7:32pm
I didn't read all the posts, so sue me I guess.

Trading Forex is 50-50 risk right? Price either goes up or goes down. News in mostly released on the same day every month. So, Forex is most likely the easiest market to trade technically. Surprises rarely occur and rarely effect the market for long.


So, all you need to know is which side to wager. Even a coin needs flipped. Before it is flipped, there is no result, right? So, if you want to trade Forex and guess its direction, you first need to be at "rest", or with no result. In other words, determine where equilibrium is. Unlike nearly every other risk you can take, Forex is really 50-50.

Once you determine equilibrium, then you need to determine a method to track how far price will move away from equilibrium before it turns around and comes back to it. All the junk that happens between the farthest point and equilibrium is either a market maker using psychological methods against new traders, or it is new traders falling for psychological methods. All consolidation areas and double tops/bottoms are market maker psycho tricks.

The reason so many people fail is because they get caught up in the movement of tiny pieces and fail to see the forest because all the trees keep moving. Everyone wants to increase their precision of measuring equilibrium bubbles and eventually get trapped by all the head fakes.

The markets move from pivot point to pivot point, through equilibrium. If you correctly identify equilibrium, then merely determine its apex. If the apex occurs near a pivot point, the trade is finished. Trade the other direction back to equilibrium. Once at equilibrium, you need to determine if price will bounce or pass through. If it bounces, it is going back to the pivot point you just closed from. If it goes through equilibrium, price is going to the next pivot point.

Nothing is guaranteed. Price may clamor up and down for quite awhile before hitting a pivot point. That is the idea. Don't fall for the tricks. If you can figure out the apex of equilibrium, you can not only trade to every pivot point, but also to all the head fakes to pivot points that retrace to equilibrium numerous times before finally going to the pivot point.

Simple really.
You cannot be extraordinary by being normal
  • #114
  • Jul 19, 2013 10:13pm Jul 19, 2013 10:13pm
Could this be an easy way to win in forex? = maybe yes,,and may not,
if there is something you should keep secret,simply just save it,, so, just
  • #115
  • Edited 11:55pm Jul 19, 2013 11:35pm | Edited 11:55pm
Quoting MedievalEcon
Where should I start loooking for those really bad performing indicators because I use none. Tell me one indicator for long term trends that performs quite poorly that you guys know of lol.
I'm not sure whether you're really asking the question. That "lol" at the end makes me hesitant. But I'm going to, gonna, wanna, willa, make a bigga ASSUMPTION that you do want to know where to start.

Start with the default indicators on every MT4 terminal, and avoid ANY trend indicator. All trend indicators, from my experience, no matter how bad, will not be consistent enough either way. It is almost an axiom in trading that no matter where price goes, it will always go further or closer to its median level. If you use any MA like indicator, you'll notice price, sooner or later, will deviate from it, and return to it. I don't think you can make a very crappy MA-based indicator.

Then, armed with that knowledge, go to free forex strategy websites. They give away indis like candy. From there find a system that sounds logical, too good to be true, approved by gurus, with scam like promises, then test it. When you have a 30% winning rate over the maximum backtesting period that your broker allows, you're ahead of the game.

From this point on, study carefully WHY this system behaves like so. Why it fires a signal when it does fire a signal. Check its DD profile. Check its MM profile. Then begin toying with the MM on a FLIPPED trading signal. Don't get greedy, aim for just 10 pips or less, and accommodate the spread accordingly.

I've shown you a simple Stoch indi with standard setting can give you a 75% winning rate on a flipped condition with custom MM setting. It is not impossible to find worse, I mean better, uh... I'm lost now.

Quoting CindyXXXX
{quote} And don't let frustrated cretins like these (^^^) break your spirit..
Quoting CindyXXXX
{quote} I'm just going in to bat for Ishanta here, if you look at some of his/her other threads they show a deep thinker and keen trading interest, I respect that. I don't know what's happened in this thread, I don't really care, would just be a shame to silence from what I see as one of the more positive contributors to the forum. Anyway I've over dosed on the reply button tonight, said my bit.
You're a cool dude Cindy. Respect. You are wise enough not to judge me (considering that's possible) based on one alphabetical letter that I wrote. I thank you for following my discussions and making benefical comments on them. I hope you can derive benefit from them too, no matter how small it might be.

I would love to vouch for you if I have the capability. But all I have is a Carpet Cleaning Voucher from the back docket of my latest Coles receipt. You deserve much more than that.

Quoting FX Compass
Ishtana, It's embarassing that you are a fellow Australian. It is crystal clear your knowledge of Forex is very limited and any real trader would clearly identify your comments as rubbish. Many newbies read these threads in an effort to learn how to trade, threads like yours just mean they have to wade through more sh*t before they can finally develop their own trading style. You should read more, post less and stop waisting everyones valuable time with this rubbish ..... the choice is yours.
Fair dinkum mate, the choice is REALLY yours. Did anyone put an undue duress/influence on you to read this thread? And if you do decide to read the thread, is it not only fair for you to read the entire thread and try to derive something out of it, like learning how to trade, using an unconventional way? And not just making a humongous assumption of my forex knowledge?

If you see my comments as rubbish, then for FXCompass' sake, don't fricking read it. Why torture yourself reading my every word. I'm not J.K.Rowling, you won't get an orgasm from every sentence.

And don't try to be no hero fighting for the newbies. They are perfectly capable to make their own decision on what to read, what to consider rubbish, and what to learn from what they read. Are you saying they need you to do all that? To filter all the bad shit out there about forex and deliver only the good stuff to these newbies? You're just like some other people who are pissed because I don't surrender the EA on a silver plate for you. Worse, you brought along political issue to this discussion. It's like you wanna be the PM of Australia, and Kevin Rudd did it, but he's not telling you how to do it, then you are pissed and call him un-Australian?

Let's get bitchy for a minute coz you make a fool out of a country that I deeply love. What I have done in this case, by law, was to create an Intellectual Property, and it is automatically protected by the Copyright Act in Australia. I'm exercising my constitutional right and my social right as an Australian to have a fair go at attempting to solve the forex puzzle. Now, you're saying that you're embarrassed, as a fellow Australian, because I'm not putting this EA out there for you to feast on? "Yes." And you think that demanding a copyright material from someone is legit? "YES!" Do you think my personal effort that is very significant to make this EA should be totally disregarded? "YES!!!" Do you think, you, who had absolutely no contribution to my EA deserve to have it, delivered to you in a silver plate? "YEESS!" Really? "YEEEESSS!!!" Don't you think by making such comment makes you look like a hypocrite and a sour grapes? .......

Quoting Slim Buffett
{quote} Usually the case but as is said "there are exceptions to every rule" (does that make me exceptional ?) idk {quote} So people, if you actually read some of the replies and not fixate on one thought or idea (as in keeping an open mind) you might find an intelligent, thoughtful person. Pupils sometimes become teachers. {quote} However, I dislike the idea of calling someone a troll because they (simply) post a comment that is not to your liking or that disagrees with your version of "events". You have an obvious ability to reply.............
Hmm... Maybe I'm such a bad writer that more and more people seem to misunderstand what I wrote. It's like breaking up through SMS.

Nowhere did I say that anyone who is against the idea is a troll. I love the intelligent comments made in this forum. It made me think. It gave me new input.

The trollers are those who put in an effort to satisfy their ego by saying something completely irrelevant, offensive, and demeaning to this thread. Like profanity, like calling you and anyone else a retard, like stating the fact that I'm an Australian and therefore I have to act like an idiot.

Quoting cuchuflito
The Problem is the yield.... If you shoot for 1/1 1/2 Profit to stop ratio it won´t work...on any system.. Cause like some people rightly stated, the game is tilted to the Brokers, Banks, Hedge Fonds and their robots. They own the shop and win...they own the Casino.They have the tools, the cash, the Insider Information, and also they cheat...(spread changes, News, "slippage", stop hunting, you name it.) The Chance is on shooting, on every trade , to hit big winners, I mean R10 and better (meaning winning 10 times your Initial stop).. Example:...
You have a valid argument. But I wouldn't aim for 1:10 RR ratio for any system. And I disagree that having a stupid R:R ratio like 2:1 would not work, in a very very strict situations.

I've said it several times, a bit tiring now, that it is NOT merely turning the table. There are so much more to it. People have wrote about this earlier on. And I don't claim originality of the idea. But you guys seem to think that I'm proposing an idea that if you find a bad system and take every opposite signal, you'll be the next George Soros.

An institutional robot would only response to a changing market. I've read a fascinating book about HFT, and logically speaking the market can only change if the big players change the way they play. Your 0.01 lot, 0.1 lot, 1 lot, 10 lot, even 100 lot will not make a dent in the global market. We retail traders are just surfers of the sea wave of forex. None of us individually is capable to alter the wave of the sea.

Maybe, just maybe, the original creator of the system I adopted from actually misused what an otherwise a very good indicator. But I have to say, the original system seems logical and to flip it would be considered stupid, at first glance.
  • #116
  • Jul 20, 2013 12:34am Jul 20, 2013 12:34am
Quoting Slim Buffett
{quote} I.m hoping that this is "goodbye" because I'm wasting way more time than I intended S'up to you don't you think ?

Slim still the crabby old man he was months ago when I last encountered him.
  • #117
  • Jul 20, 2013 1:51am Jul 20, 2013 1:51am
Quoting Ishtana
{quote}Fair dinkum mate, the choice is REALLY yours. Did anyone put an undue duress/influence on you to read this thread? And if you do decide to read the thread, is it not only fair for you to read the entire thread and try to derive something out of it, like learning how to trade, using an unconventional way? And not just making a humongous assumption of my forex knowledge? If you see my comments as rubbish, then for FXCompass' sake, don't fricking read it. Why torture yourself reading my every word. I'm not J.K.Rowling, you won't get an orgasm...
Ishtana :
I'm glad you have shown your true colours for all to see once again.
How many other members have you attacked in this thread already.
I note you have been a member on Forex Factory for less than a year.
This is reflected by your many comments of immaturity and inexperience.
I doubt you trade a live account at all.
Good luck on your journey. Time will tell if you have what it takes...
  • #118
  • Jul 20, 2013 2:12am Jul 20, 2013 2:12am
Quoting Ishtana
Now let's cover our definition of winning and losing trade. Would you consider a trade that suffers 200 pips drawdown, 5 overnight swap charges, then made you a 10 pips profit after 5 days, a winning trade?
No.

Quoting Ishtana
And would you consider a trade that suffers 10 pips stop loss, then immediately price goes 200 pips in your direction, a losing trade?
Yes.

Your idea is a very interesting one. I like your out of the box thinking. Theoretically this should work, if those are accurate statistics (you would need a win rate lower than 33% on your crappy system). However; when you get down to the very basics of it: you don't want to take something that's broken and fix it by making it do the exact opposite. Because then you are still limited by the rules of that system. If this were something I would have created I would scrap the whole thing and start over from scratch, not reverse the signal.
  • #119
  • Jul 20, 2013 2:39am Jul 20, 2013 2:39am
liked I said ishtana, you have a good thought process regarding the none method. But to trade turn around is just as hard as trading. I trade the open range breakout on 15 minute chart and I believe the official percentage rage of success is 30% so really I should be trading the opposite trigger for the 70 %. and I trade for greed as it is my living, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #120
  • Jul 20, 2013 4:08am Jul 20, 2013 4:08am
Quoting FX Compass
{quote} Ishtana : I'm glad you have shown your true colours for all to see once again. How many other members have you attacked in this thread already. I note you have been a member on Forex Factory for less than a year. This is reflected by your many comments of immaturity and inexperience. I doubt you trade a live account at all. Good luck on your journey. Time will tell if you have what it takes...

If only your world exists.... If only a few posts from someone can show their true color. Man, you're such an idealist. In your world, there won't be no divorce, for after about 10 posts, you will know someone to their deepest core, their true color. There won't be any scammer, for the first word they spit out would be enough to see their true agenda. If only... I want to ride my unicorn now ...

A rational person would see that in this thread I promoted an idea, however foolish it may seem. Some members replied with intelligent responses, some attacked me with irrelevant, profane, and nasty comments. For what exactly did I do to deserve such comment? I don't know. Although I don't feel like being attacked at all btw. Then all of the sudden you FEEL like you're being attacked by me? Coz I don't see any statement attacking you. And when did I return these nasty comments with similar comments? When did I say that someone here is a f*cking loser? And then you FEEL like I'm attacking everyone else? Seriously man/woman, if you FEEL attacked by me. Like ... seriously. Are you really that fragile? Trading is tough business. I hope your feelings don't get in the way. Damn, I have to give the best troll award to you. I'm sure this is not an +18 website, but ... oh well.

There is no doubt I trade a live account, I've put myfxbook link in this forum someplace. Some people have seen it. But I don't have the compelling need to boast. I'm not gonna put the link here again. I was only putting it in there in a proper context and it was for a promise I made to someone who has helped me in the past to help others when I'm getting by. A real trader love trading more than showing off.

Mate, you've been here longer than I have. You're right, I've only been here since August 2012 to be precise. And you have 2 vouchers, I got none. Go figure. So in all FF aspects, you're more senior than I am, so why do you feel a need to read and join my inferior, immature, and inexperience thread? Gosh man/woman, if you hate me or my thread that much, then just leave, and create your own thread. I'm sure more people would flock to you. It only takes a few strokes of the keyboard and a few clicks of the mouse. It's that easy.


Quoting bdebaere
{quote} No. {quote} Yes. Your idea is a very interesting one. I like your out of the box thinking. Theoretically this should work, if those are accurate statistics (you would need a win rate lower than 33% on your crappy system). However; when you get down to the very basics of it: you don't want to take something that's broken and fix it by making it do the exact opposite. Because then you are still limited by the rules of that system. If this were something I would have created I would scrap the whole thing and start over from scratch, not reverse...
You're right. I did try first of all to just simply flip and maintained the rules of the original system. It doesn't work as easy as that. My light bulb moment came when I understood why the original system fails badly. Again, you cannot just reverse the signal. You have to study what happens after the signal is fired, and why it was fired in the first place.

Quoting billytt
liked I said ishtana, you have a good thought process regarding the none method. But to trade turn around is just as hard as trading. I trade the open range breakout on 15 minute chart and I believe the official percentage rage of success is 30% so really I should be trading the opposite trigger for the 70 %. and I trade for greed as it is my living, be good
Absolutely right. It is easy in theory, but it takes a long time, effort, and energy to build this system. Just like any other system really.
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